VIPS - 2 Reasons to Consider Buying Vipshop Now
While U.S. stocks continue notching record highs, shares of Chinese companies keep walking backward. The SPDR S&P China ETF (NYSEMKT: GXC) , which tracks the performance of major Chinese companies listed in the U.S. and China, is down 9.5% year to date versus the S&P 500 's gain of 20%.
For long-term China bulls, though, this marks an opportunity to buy the dip. Investing legend Charlie Munger, for instance, has been racking up shares in e-commerce giant Alibaba .
But beyond Alibaba, the China sell-off has unlocked other potential value plays. Among them is Vipshop (NYSE: VIPS) , an under-the-radar e-commerce stock that's down about 55% year to date.
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2 Reasons to Consider Buying Vipshop Now